Banking, Capital Markets and Corporate Governance

This work explores the fragility of the banking system, corporate governance, and the increasing securitization of corporate finance. The contributors address the following issues: the impact of banking during a crisis in providing an incentive for the managers of failing banks to restructure their assets; the way in which economic and legal institutions can control the management of banks and firms; and the effects of increases in the securitization of corporate finance and the amount of financial innovation.